Cheap Apartments for Rent in the Downtown Morristown Neighborhood of Morristown, NJ from $1,905 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Morristown area of Morristown.

property at 72 Western Ave

$1,950 - $3,250

1 To 2 Bedroom Rentals

Available Now

72 Western Ave

MorristownNJ07960

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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property at 320 South St

$2,600 - $2,650

1 Bedroom Rentals

Available Now

320 South St

MorristownNJ07960

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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13 Grant St, Unit 1
$2,750
Total Monthly Price

Total Monthly Price

Base Rent
$2,750

Total Monthly Price
$2,750
1 Bedroom Apartment Available Now

13 Grant St, Unit 1

13 Grant StMorristown, NJ 07960
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Chancery Square
$2,843 - $3,493
Total Monthly Price

Total Monthly Price

Base Rent
$2,843 - $3,493

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Chancery Square

11 Cattano AveMorristown, NJ 07960
Luxury
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16 Washington St
2 Bedroom Apartments

16 Washington St

16 Washington StMorristown, NJ 07960
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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960
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Modera 44
Studio to 2 Bedroom Apartments

Modera 44

44 Prospect StMorristown, NJ 07960

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Max on Morris
Studio to 2 Bedroom Apartments

Max on Morris

175 Morris StMorristown, NJ 07960

Downtown Morristown, Morristown, NJ Local Guide

Cheapest Available Downtown Morristown Apartments for Rent

 

The cheapest available apartment rental in the Downtown Morristown area of Morristown, NJ is a 1 Bed unit found at Beverly Gardens priced from $2,250. Washington Park Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,305. Here are the most affordable Downtown Morristown apartments for rent in Morristown, NJ:

Apartment ListingModel NameBed/BathPriced From
Beverly GardensDeluxe 1 Bed 1 Bath1BR,1BA$2,250
Washington Park Terrace1 Bedroom1BR,1BA$2,305
Franklin Manor Apartments1BR/1BA1BR,1BA$2,375
Morris Crossing Townhouses1 Bedroom Deluxe First Floor1BR,1BA$2,450
The Monroe Morristown1BR/1.0BA1BR,1BA$2,550
Modera 44S2L Studio with LoftStudio,1BA$2,636
Modera 55A03L1BR,1BA$2,775
Sofi at Morristown StationA41BR,1BA$2,823
Chancery SquareA21BR,1BA$2,868

Best Value Apartments for Rent in Downtown Morristown, NJ

As of August 26, 2026 the best value apartment in the Downtown Morristown area is the $2.21 price per square foot Three Bed Model at Carriage House Townhomes in the in the Downtown Morristown neighborhood starting from $3,885. The second greatest value Downtown Morristown apartment is the E2 Model at 30 Court Street Apartments starting at $5,100 with a $3.68 price per square foot in the Downtown Morristown neighborhood. Here is today’s list of the best values for Downtown Morristown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carriage House TownhomesThree Bed3BR,2.5BA$2.21
30 Court Street ApartmentsE22BR,2BA$3.68
13 Grant St, Unit 113 Grant St1BR,2BA$2.20
Heritage House2 BED, 2 BATH-122BR,2BA$2.83
Eleven Dehartml-2132BR,2BA$3.47
LAFAYETTE COURT L.L.C.LAFAYETTE II2BR,2BA$3.36
Beverly GardensDeluxe 2 Bed 1 Bath2BR,1BA$3.83
Modera 44S2L Studio with LoftStudio ,1BA$3.77
Franklin Manor Apartments1BR/1BA1BR,1BA$3.49
Washington Park Terrace1 Bedroom1BR,1BA$3.65

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Morristown, Morristown, NJ

Ranked #1

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Morristown Apartments

How much is rent for a Cheap One Bedroom Downtown Morristown Apartment?

The lowest price for a Cheap One Bedroom Downtown Morristown Apartment is $2,250 at Beverly Gardens.

What is the lowest price for a Cheap Two Bedroom Downtown Morristown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Morristown is starting from $2,864 at Modera 44.

What is the most affordable Downtown Morristown Three Bedroom Apartment?

The best deal on a cheap Downtown Morristown Three Bedroom Apartment rental is at Morris Crossing Townhouses and starts from $3,700.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.